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Fortress's Intrawest May Sell, Spin Out Canadian Ski Resort

Updated June 21, 2010 7:16 p.m. ET

Intrawest ULC is exploring the sale of its flagship Whistler Blackcomb Ski Resort in Canada, according to people familiar with the situation, just two months after the company avoided a foreclosure of the 2010 Winter Olympics venue.

In recent weeks Intrawest representatives have approached Russian billionaire Vladimir Potanin about a potential acquisition, say these people. It is unclear what price they have put on the British...